Stock Traders Purchase Large Volume of Lattice Semiconductor Call Options (NASDAQ:LSCC)

Key Points

• Options activity surged: Traders purchased 11,595 Lattice Semiconductor call options, 654% above the average volume of 1,538 contracts.
• Analysts remain bullish: The stock has a consensus “Moderate Buy” rating and an average price target of $147.46, with several firms recently raising targets to between $160 and $180.
• Institutional ownership is substantial: Hedge funds and other institutional investors own 98.08% of LSCC, while insiders have sold 19,661 shares worth approximately $2.59 million over the past 90 days.

Lattice Semiconductor Corporation (NASDAQ:LSCC - Get Free Report) was the recipient of unusually large options trading on Friday. Traders purchased 11,595 call options on the company. This represents an increase of 654% compared to the average volume of 1,538 call options.

Insider Transactions at Lattice Semiconductor

In other news, SVP Pravin Desale sold 2,039 shares of the company's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $111.83, for a total transaction of $228,021.37. Following the transaction, the senior vice president owned 73,456 shares of the company's stock, valued at $8,214,584.48. This represents a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Tracy Feanny sold 1,880 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $126.43, for a total transaction of $237,688.40. Following the completion of the transaction, the senior vice president owned 60,221 shares of the company's stock, valued at $7,613,741.03. This trade represents a 3.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 19,661 shares of company stock valued at $2,587,259 in the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

Several hedge funds have recently modified their holdings of LSCC. BlackRock Inc. acquired a new position in shares of Lattice Semiconductor in the second quarter valued at about $2,637,161,000. William Blair Investment Management LLC purchased a new position in shares of Lattice Semiconductor in the 2nd quarter valued at about $177,497,000. TimesSquare Capital Management LLC purchased a new stake in Lattice Semiconductor during the second quarter worth approximately $173,633,000. Bank of New York Mellon Corp acquired a new stake in shares of Lattice Semiconductor during the second quarter worth about $139,705,000. Finally, Bank of America Corp DE purchased a new position in shares of Lattice Semiconductor during the 2nd quarter worth approximately $94,740,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LSCC. William Blair began coverage on Lattice Semiconductor in a research note on Tuesday, October 6th. They issued an "outperform" rating for the company. Needham & Company LLC raised their price objective on shares of Lattice Semiconductor from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. KeyCorp raised their target price on Lattice Semiconductor from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Rosenblatt Securities reiterated a "buy" rating and issued a $175.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, August 4th. Finally, Benchmark started coverage on shares of Lattice Semiconductor in a report on Tuesday, August 25th. They set a "buy" rating and a $160.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $147.46.

Lattice Semiconductor Stock Performance

LSCC traded down $2.18 during mid-day trading on Friday, reaching $104.91. 892,278 shares of the company traded hands, compared to its average volume of 1,948,660. The company's fifty day moving average price is $120.48 and its 200-day moving average price is $125.95. Lattice Semiconductor has a 52-week low of $60.50 and a 52-week high of $157.01. The company has a quick ratio of 2.33, a current ratio of 3.02 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $14.37 billion, a P/E ratio of 403.69, a P/E/G ratio of 1.76 and a beta of 1.83.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.09. Lattice Semiconductor had a return on equity of 10.92% and a net margin of 5.58%. The company had revenue of $201.08 million for the quarter, compared to analysts' expectations of $185.50 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The firm's revenue for the quarter was up 62.2% on a year-over-year basis. Lattice Semiconductor has set its Q3 2026 guidance at 0.540-0.580 EPS. On average, sell-side analysts expect that Lattice Semiconductor will post 1.10 EPS for the current year.

About Lattice Semiconductor

Lattice Semiconductor Corporation NASDAQ: LSCC is a fabless semiconductor company that develops low-power, programmable logic devices and related software. Its product portfolio includes field-programmable gate arrays (FPGAs), complex programmable logic devices, programmable system-on-chip solutions, development boards, design tools and intellectual property.

The company's products are designed to provide flexible, power-efficient processing, control and connectivity for applications such as industrial equipment, communications infrastructure, automotive systems, consumer electronics, computing and aerospace and defense.

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